Rowan Companies plc (RDC) : During the past 4 weeks, traders have been relatively bearish on Rowan Companies plc (RDC), hence the stock is down -17.95% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.39% relative to the S&P 500. The 4-week change in the price of the stock is -15.91% and the stock has fallen -4.99% in the past 1 week.
Rowan Companies plc (NYSE:RDC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.31 and $14.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.48, notching a gain of 1.05% for the day. The total traded volume was 3,437,090 . The stock had closed at $14.33 on the previous day.
The stock has recorded a 20-day Moving Average of 11.17% and the 50-Day Moving Average is 15.87%. Rowan Companies plc has dropped 21.05% during the last 3-month period . Year-to-Date the stock performance stands at -14.57%.
Rowan Companies plc (RDC) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $12. The average forecast of all the analysts is $17.29 and the expected standard deviation is $3.63.
Rowan Companies plc (Rowan) is a provider of international and domestic offshore oil and gas contract drilling services. Its operation broadly consists of Drilling Fleet and Contracts. It has a fleet of 30 self-elevating mobile offshore jack-up drilling units and four ultra-deepwater drillships. It conducts offshore drilling operations in the United States Gulf of Mexico (US GOM), the United Kingdom (UK) and Norwegian sectors of the North Sea, the Middle East, West and North Africa, Southeast Asia and Trinidad. The Companys jack-ups are capable of drilling wells to depths ranging from 25,000 to 40,000 feet and in water depths ranging from 250 to 550 feet. Its ultra-deepwater drillships are capable of drilling wells to depths of 40,000 feet and in water depths of 12,000 feet. The Companys drilling contracts provide for a fixed amount of compensation per day, and are either well-to-well, multiple-well or fixed-term generally ranging from one month to several years.